Euro-zone inflation slows to 1.6% in October

LONDON (MarketWatch) -- Inflation in countries that use the euro as their currency slowed to 1.6% in October from 1.7% in September, the Eurostat statistics office said in a preliminary estimate. Analysts had expected 1.7% annualized inflation. The euro edged lower to $1.2693 from $1.2715 late Monday. Separately, the European Commission said its economic sentiment indicator rose a half point to 110.3 in October from September. The E.C. said rising industrial, services and retail trade sector confidence offset flat consumer confidence and a slight fall in construction confidence.

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